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74% of Canadians say they need rates below 3% before they buy<\/p>\n
Published Oct 22, 2024<\/span> \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 4 minute read<\/span><\/p>\n\n\n<\/button><\/p>\n\n\n\n\nYou can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/source><\/source><\/source><\/source><\/source><\/picture>Buyers are likely to stay on the sidelines for a while longer even if the Bank of Canada cuts its benchmark interest rate by 50 basis points tomorrow, according to a new poll. <\/span> Photo by Cole Burston\/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nThe Bank of Canada is widely expected to cut its benchmark interest rate by 50 basis points tomorrow.<\/p>\nThat\u2019s a big cut, but is it enough to entice buyers back to Canada\u2019s housing market, who so far have been holding out for lower rates?<\/p>\nNot according to this new poll. The survey conducted for mortgage comparison site Everyrate.ca in late September, found that 74 per cent of Canadians who are considering buying or refinancing need policy rates to drop below 3 per cent before they act.<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n\nTHIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account<\/li>\nShare your thoughts and join the conversation in the comments<\/li>\nEnjoy additional articles per month<\/li>\nGet email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cWe knew Canadians wanted lower rates, we knew Canadians wanted into the housing market, we just didn\u2019t know how low they needed rates to go before they get off of the sidelines,\u201d said Andy Hill, mortgage broker and co-founder of EveryRate.ca.<\/p>\n\u201cMost Canadians are clearly waiting for rates to drop further before moving.\u201d<\/p>\nThe Bank of Canada has reduced its rate by 75 basis points since June from 5 per cent to 4.25 per cent. The cuts have brought some relief to Canadians renewing their mortgages, but failed to significantly revive the country\u2019s stalling housing market.<\/p>\nNationally, home sales increased slightly in September but new listings grew faster, leaving a surplus of properties on the market.<\/p>\n\u201cLooking at September\u2019s ho-hum housing figures, it feels like we\u2019re in that moment just before a starter pistol goes off,\u201d said Clay Jarvis, a spokesperson at personal finance company, NerdWallet. \u201cThe market\u2019s loaded with new listings, but buyers still aren\u2019t ready to run headlong into gigantic mortgages.\u201d<\/p>\nThey could be waiting for some time. Most of Canada\u2019s big banks don\u2019t expect the rate to fall below 3 per cent until the first quarter of 2025 or later, with the Bank of Nova Scotia forecasting a 3 per cent rate at the end of next year.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nPosthaste<\/p>\nBreaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cGiven the current rate trend, we might not see policy rates below 3 per cent until late 2025,\u201d said Hill. \u201cThat means many potential buyers and refinancers will likely stay on the sidelines for the foreseeable future.\u201d<\/p>\nVictor Tran, a mortgage and real estate expert with Ratesdotca, said while a 50-bps cut will bring some back to the market, many buyers may choose to wait for the Bank of Canada meeting in December.<\/p>\n\u201cBuyers are holding out for the bottom of the market,\u201d said Tran.<\/p>\n\u201cThe challenge is that no one can predict when that will be, and once the market shifts, it\u2019s likely it will heat up quickly, and push up house prices. If buyers wait too long, they may find themselves trying to buy with a lower mortgage rate, but higher house prices.\u201d<\/p>\nYounger Canadians, aged 18 to 34, were especially conscious of interest rates in Everyrate\u2019s survey, with many saying they needed rates below 2 per cent or even below 1 per cent to consider buying or refinancing.<\/p>\n\u201cRates below 3 per cent aren\u2019t just preferable \u2014 they\u2019re essential to making homeownership possible for this group,\u201d said the survey.<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nThe 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\nWith the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n
<\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/source><\/source><\/source><\/source><\/source><\/picture>Buyers are likely to stay on the sidelines for a while longer even if the Bank of Canada cuts its benchmark interest rate by 50 basis points tomorrow, according to a new poll. <\/span> Photo by Cole Burston\/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nThe Bank of Canada is widely expected to cut its benchmark interest rate by 50 basis points tomorrow.<\/p>\nThat\u2019s a big cut, but is it enough to entice buyers back to Canada\u2019s housing market, who so far have been holding out for lower rates?<\/p>\nNot according to this new poll. The survey conducted for mortgage comparison site Everyrate.ca in late September, found that 74 per cent of Canadians who are considering buying or refinancing need policy rates to drop below 3 per cent before they act.<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n\nTHIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account<\/li>\nShare your thoughts and join the conversation in the comments<\/li>\nEnjoy additional articles per month<\/li>\nGet email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cWe knew Canadians wanted lower rates, we knew Canadians wanted into the housing market, we just didn\u2019t know how low they needed rates to go before they get off of the sidelines,\u201d said Andy Hill, mortgage broker and co-founder of EveryRate.ca.<\/p>\n\u201cMost Canadians are clearly waiting for rates to drop further before moving.\u201d<\/p>\nThe Bank of Canada has reduced its rate by 75 basis points since June from 5 per cent to 4.25 per cent. The cuts have brought some relief to Canadians renewing their mortgages, but failed to significantly revive the country\u2019s stalling housing market.<\/p>\nNationally, home sales increased slightly in September but new listings grew faster, leaving a surplus of properties on the market.<\/p>\n\u201cLooking at September\u2019s ho-hum housing figures, it feels like we\u2019re in that moment just before a starter pistol goes off,\u201d said Clay Jarvis, a spokesperson at personal finance company, NerdWallet. \u201cThe market\u2019s loaded with new listings, but buyers still aren\u2019t ready to run headlong into gigantic mortgages.\u201d<\/p>\nThey could be waiting for some time. Most of Canada\u2019s big banks don\u2019t expect the rate to fall below 3 per cent until the first quarter of 2025 or later, with the Bank of Nova Scotia forecasting a 3 per cent rate at the end of next year.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nPosthaste<\/p>\nBreaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cGiven the current rate trend, we might not see policy rates below 3 per cent until late 2025,\u201d said Hill. \u201cThat means many potential buyers and refinancers will likely stay on the sidelines for the foreseeable future.\u201d<\/p>\nVictor Tran, a mortgage and real estate expert with Ratesdotca, said while a 50-bps cut will bring some back to the market, many buyers may choose to wait for the Bank of Canada meeting in December.<\/p>\n\u201cBuyers are holding out for the bottom of the market,\u201d said Tran.<\/p>\n\u201cThe challenge is that no one can predict when that will be, and once the market shifts, it\u2019s likely it will heat up quickly, and push up house prices. If buyers wait too long, they may find themselves trying to buy with a lower mortgage rate, but higher house prices.\u201d<\/p>\nYounger Canadians, aged 18 to 34, were especially conscious of interest rates in Everyrate\u2019s survey, with many saying they needed rates below 2 per cent or even below 1 per cent to consider buying or refinancing.<\/p>\n\u201cRates below 3 per cent aren\u2019t just preferable \u2014 they\u2019re essential to making homeownership possible for this group,\u201d said the survey.<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nThe 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\nWith the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The Bank of Canada is widely expected to cut its benchmark interest rate by 50 basis points tomorrow.<\/p>\n
That\u2019s a big cut, but is it enough to entice buyers back to Canada\u2019s housing market, who so far have been holding out for lower rates?<\/p>\n
Not according to this new poll. The survey conducted for mortgage comparison site Everyrate.ca in late September, found that 74 per cent of Canadians who are considering buying or refinancing need policy rates to drop below 3 per cent before they act.<\/p>\n<\/section>\n
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or<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cWe knew Canadians wanted lower rates, we knew Canadians wanted into the housing market, we just didn\u2019t know how low they needed rates to go before they get off of the sidelines,\u201d said Andy Hill, mortgage broker and co-founder of EveryRate.ca.<\/p>\n\u201cMost Canadians are clearly waiting for rates to drop further before moving.\u201d<\/p>\nThe Bank of Canada has reduced its rate by 75 basis points since June from 5 per cent to 4.25 per cent. The cuts have brought some relief to Canadians renewing their mortgages, but failed to significantly revive the country\u2019s stalling housing market.<\/p>\nNationally, home sales increased slightly in September but new listings grew faster, leaving a surplus of properties on the market.<\/p>\n\u201cLooking at September\u2019s ho-hum housing figures, it feels like we\u2019re in that moment just before a starter pistol goes off,\u201d said Clay Jarvis, a spokesperson at personal finance company, NerdWallet. \u201cThe market\u2019s loaded with new listings, but buyers still aren\u2019t ready to run headlong into gigantic mortgages.\u201d<\/p>\nThey could be waiting for some time. Most of Canada\u2019s big banks don\u2019t expect the rate to fall below 3 per cent until the first quarter of 2025 or later, with the Bank of Nova Scotia forecasting a 3 per cent rate at the end of next year.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nPosthaste<\/p>\nBreaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cGiven the current rate trend, we might not see policy rates below 3 per cent until late 2025,\u201d said Hill. \u201cThat means many potential buyers and refinancers will likely stay on the sidelines for the foreseeable future.\u201d<\/p>\nVictor Tran, a mortgage and real estate expert with Ratesdotca, said while a 50-bps cut will bring some back to the market, many buyers may choose to wait for the Bank of Canada meeting in December.<\/p>\n\u201cBuyers are holding out for the bottom of the market,\u201d said Tran.<\/p>\n\u201cThe challenge is that no one can predict when that will be, and once the market shifts, it\u2019s likely it will heat up quickly, and push up house prices. If buyers wait too long, they may find themselves trying to buy with a lower mortgage rate, but higher house prices.\u201d<\/p>\nYounger Canadians, aged 18 to 34, were especially conscious of interest rates in Everyrate\u2019s survey, with many saying they needed rates below 2 per cent or even below 1 per cent to consider buying or refinancing.<\/p>\n\u201cRates below 3 per cent aren\u2019t just preferable \u2014 they\u2019re essential to making homeownership possible for this group,\u201d said the survey.<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nThe 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\nWith the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n
\u201cWe knew Canadians wanted lower rates, we knew Canadians wanted into the housing market, we just didn\u2019t know how low they needed rates to go before they get off of the sidelines,\u201d said Andy Hill, mortgage broker and co-founder of EveryRate.ca.<\/p>\n
\u201cMost Canadians are clearly waiting for rates to drop further before moving.\u201d<\/p>\n
The Bank of Canada has reduced its rate by 75 basis points since June from 5 per cent to 4.25 per cent. The cuts have brought some relief to Canadians renewing their mortgages, but failed to significantly revive the country\u2019s stalling housing market.<\/p>\n
Nationally, home sales increased slightly in September but new listings grew faster, leaving a surplus of properties on the market.<\/p>\n
\u201cLooking at September\u2019s ho-hum housing figures, it feels like we\u2019re in that moment just before a starter pistol goes off,\u201d said Clay Jarvis, a spokesperson at personal finance company, NerdWallet. \u201cThe market\u2019s loaded with new listings, but buyers still aren\u2019t ready to run headlong into gigantic mortgages.\u201d<\/p>\n
They could be waiting for some time. Most of Canada\u2019s big banks don\u2019t expect the rate to fall below 3 per cent until the first quarter of 2025 or later, with the Bank of Nova Scotia forecasting a 3 per cent rate at the end of next year.<\/p>\n<\/section>\n
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Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cGiven the current rate trend, we might not see policy rates below 3 per cent until late 2025,\u201d said Hill. \u201cThat means many potential buyers and refinancers will likely stay on the sidelines for the foreseeable future.\u201d<\/p>\nVictor Tran, a mortgage and real estate expert with Ratesdotca, said while a 50-bps cut will bring some back to the market, many buyers may choose to wait for the Bank of Canada meeting in December.<\/p>\n\u201cBuyers are holding out for the bottom of the market,\u201d said Tran.<\/p>\n\u201cThe challenge is that no one can predict when that will be, and once the market shifts, it\u2019s likely it will heat up quickly, and push up house prices. If buyers wait too long, they may find themselves trying to buy with a lower mortgage rate, but higher house prices.\u201d<\/p>\nYounger Canadians, aged 18 to 34, were especially conscious of interest rates in Everyrate\u2019s survey, with many saying they needed rates below 2 per cent or even below 1 per cent to consider buying or refinancing.<\/p>\n\u201cRates below 3 per cent aren\u2019t just preferable \u2014 they\u2019re essential to making homeownership possible for this group,\u201d said the survey.<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nThe 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\nWith the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n
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This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cGiven the current rate trend, we might not see policy rates below 3 per cent until late 2025,\u201d said Hill. \u201cThat means many potential buyers and refinancers will likely stay on the sidelines for the foreseeable future.\u201d<\/p>\nVictor Tran, a mortgage and real estate expert with Ratesdotca, said while a 50-bps cut will bring some back to the market, many buyers may choose to wait for the Bank of Canada meeting in December.<\/p>\n\u201cBuyers are holding out for the bottom of the market,\u201d said Tran.<\/p>\n\u201cThe challenge is that no one can predict when that will be, and once the market shifts, it\u2019s likely it will heat up quickly, and push up house prices. If buyers wait too long, they may find themselves trying to buy with a lower mortgage rate, but higher house prices.\u201d<\/p>\nYounger Canadians, aged 18 to 34, were especially conscious of interest rates in Everyrate\u2019s survey, with many saying they needed rates below 2 per cent or even below 1 per cent to consider buying or refinancing.<\/p>\n\u201cRates below 3 per cent aren\u2019t just preferable \u2014 they\u2019re essential to making homeownership possible for this group,\u201d said the survey.<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nThe 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\nWith the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cGiven the current rate trend, we might not see policy rates below 3 per cent until late 2025,\u201d said Hill. \u201cThat means many potential buyers and refinancers will likely stay on the sidelines for the foreseeable future.\u201d<\/p>\n
Victor Tran, a mortgage and real estate expert with Ratesdotca, said while a 50-bps cut will bring some back to the market, many buyers may choose to wait for the Bank of Canada meeting in December.<\/p>\n
\u201cBuyers are holding out for the bottom of the market,\u201d said Tran.<\/p>\n
\u201cThe challenge is that no one can predict when that will be, and once the market shifts, it\u2019s likely it will heat up quickly, and push up house prices. If buyers wait too long, they may find themselves trying to buy with a lower mortgage rate, but higher house prices.\u201d<\/p>\n
Younger Canadians, aged 18 to 34, were especially conscious of interest rates in Everyrate\u2019s survey, with many saying they needed rates below 2 per cent or even below 1 per cent to consider buying or refinancing.<\/p>\n
\u201cRates below 3 per cent aren\u2019t just preferable \u2014 they\u2019re essential to making homeownership possible for this group,\u201d said the survey.<\/p>\n<\/section>\n
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This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nThe 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\nWith the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The 26 per cent in the poll who would buy or refinance regardless of interest rates were mainly older Canadians, over 55 years old.<\/p>\n
With the high cost of housing in Canada, the younger generations may need more than interest rate cuts, said the survey.<\/p>\n
\u201cPolicies to improve housing affordability could help bridge the gap and make the market more accessible for first-time buyers,\u201d it said.<\/p>\n
\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em><\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> National Bank of Canada<\/span><\/figcaption><\/figure>\nThere\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\nGold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\nThe last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\nNational expects gold has further to climb.<\/p>\n\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n<\/p>\n\nToday\u2019s Data:<\/strong> Canada\u2019s industrial product prices and raw material price index<\/li>\nEarnings:<\/strong> Canadian National Railway, First Quantum Minerals Ltd, Bank of America Corp., Goldman Sachs Group Inc., The Charles Schwab Corp., Citigroup Inc., Johnson & Johnson, Walgreens Boots Alliance, PNC Financial Services Group<\/li>\n<\/ul>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
There\u2019s been no shortage of gold records lately, but yesterday truly was a milestone.<\/p>\n
Gold rose over US$20 an ounce Monday morning to hit US$2,753, which is not just a new nominal high, but also an inflation-adjusted high, said St\u00e9fane Marion, economist with National Bank of Canada.<\/p>\n
The last inflation-adjusted record was set in January, 1980 at US$2,742 per ounce.<\/p>\n
National expects gold has further to climb.<\/p>\n
\u201cRising government debt, increasing geopolitical uncertainty, and growing protectionism create the ideal conditions in which the yellow metal typically thrives,\u201d said Marion.<\/p>\n
<\/p>\n
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This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\n<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n\n
<\/strong><\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture> Financial Post<\/span><\/figcaption><\/figure>\n\n\n<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong><\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Recommended from Editorial<\/p>\n
<\/p>\n\n <\/picture>\nGold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Gold could be the ‘last safe haven standing’<\/span><\/p>\n<\/li>\n <\/picture>\nToronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Toronto lags the world in returning to the office<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/section>\n\n<\/p>\nThere has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\nHard earned truths<\/h2>\nIn investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\nMcLister on mortgages<\/h2>\nWant to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
There has been a rise in do-it-yourself (DIY) investors, with the share of investors with financial advisers slipping from 69 per cent in 2020, to 61 per cent in 2024, says the Conference Board of Canada. Find out more about DIY investing and why so many Canadians are getting into it.<\/p>\n\n
In investing, you get what you don\u2019t pay for. In an ongoing series about what the next generation needs to know to build wealth, we offer hard earned truth #2: Your brain isn\u2019t wired to invest properly. Find out more.\u00a0<\/p>\n\n
Want to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily.<\/p>\n<\/section>\n
Advertisement 6<\/p>\n
This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\nFinancial Post on YouTube<\/h2>\nVisit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\nToday\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Visit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more.<\/p>\n\n
Today\u2019s Posthaste was written by Pamela Heaven, with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.<\/em><\/p>\nHave a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at\u00a0posthaste@postmedia.com.<\/p>\n\n
Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\nBank of Canada rate cut unlikely to move housing market needle<\/a>\n2024-10-22 12:02:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Breadcrumb Trail Links News 74% of Canadians say they need rates below 3% before they buy Published Oct 22, 2024 \u00a0\u2022\u00a0 Last updated 52\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read You…<\/p>\n","protected":false},"author":2,"featured_media":51892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-51891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51891"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51892"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}